Rumors of an upcoming closed meeting between Ripple and the SEC concerning the XRP case have sparked interest and speculation about a possible resolution. The XRP community remains resilient and optimistic, awaiting news.
Rumors of Closed Meeting and Community Reaction
Among crypto enthusiasts, rumors have spread that the upcoming closed meeting between Ripple and the SEC could be a deciding factor for the XRP case. Speculation suggests that the case might be closed. Users are actively discussing the situation, noting the resilience of the XRP community, which remains positive and active in awaiting updates each month despite numerous setbacks.
Former SEC Lawyer Marc Fagel's Opinion
Former SEC lawyer Marc Fagel shared his views on the situation. On platform X, he noted that he has attended hundreds of these meetings, with Ripple being a frequent topic since the late 1990s. Fagel believes that the SEC will continue on its current course, proceeding as planned. Nonetheless, he pointed out that the confirmation of the new SEC chair could take time, and there remains a possibility of voting to dismiss the appeal, an unusual step but feasible if the right individuals are in place.
Other News: Government Shutdown and RLUSD
In other news, the SEC is preparing for a potential U.S. government shutdown, which could impact its current operations. Financial instability and national debt issues add further pressure to the market. Meanwhile, Ripple's recent RLUSD launch initially led to positive price action but was later affected by negative market trends. Ripple CEO Brad Garlinghouse remains optimistic about RLUSD's prospects, seeing it as a significant part of the company's future.
The closed meeting between Ripple and the SEC could have major implications for the XRP case and the cryptocurrency market at large. The community remains resilient and hopeful for decisions that might lead to new growth and developments for Ripple.
